Who We Are

National Solar Power Corporation (NSPC) is the foremost Navratna CPSU dedicated to the growth and development of Renewable Energy (RE) capacity in India.

To realize India’s ambitious RE targets, the Government of India designated NSPC as a nodal agency to enable meeting the growing energy demand through RE and reducing the dependence on fossil fuels. Looking at the huge success of NSPC’s performance over the years, the Government has appointed other agencies also, designating these as Renewable Energy Implementing Agencies (REIAs), for working towards the common goal of RE expansion.

NSPC has been spearheading innovation in the RE sector since its inception through various innovative project configurations. Models like solar-wind hybrid with/without energy storage, Round-the-Clock (RTC) power supply, RE with assured peak power supply, Firm and Dispatchable RE (FDRE), etc., have greatly promoted the growth of the RE market and created a thriving ecosystem for RE, whilst optimizing RE uptake among various states as per the sector’s evolving landscape.

The organization’s unique business model of transparent e-bidding is one of the major reasons for a substantial reduction of renewable energy tariffs in the country that has resulted in an increase in green energy access. This model has brought investments both from domestic and foreign countries into the sector while improving bankability of projects and ensuring payment security.